Which One of the Following Statements Concerning Financial Futures Is

question 71

Multiple Choice

Which one of the following statements concerning financial futures is correct?

• A) Except for short-term securities, interest rate futures are quoted based on a percentage of the par value of the underlying debt security.
• B) Stock-index futures are priced at an amount equal to the value of the index.
• C) Foreign currency futures are based on 100,000 units of the foreign currency.
• D) An investor who is long on a financial future loses money when the value of the future rises.

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Definitions:

Erik Erikson

A developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings, which outlines eight stages from infancy to adulthood.

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The process of realizing and fulfilling one's talents and potentialities, considered to be the ultimate goal of personal development.

Abraham Maslow

A psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

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